your point is somewhat valid. It boils down to volume / grade or quality / cost. If you have all 3 you win, simple as that. In my opinion, small producers in lit market irrespective of qulaity/grade wont be able to compete (unless that supply comes from africa, in ehich case my argument falls over).
also I can't remember any of the big iron ore players taking a backwards step even when 'peak IO' was being reported in 2009 I think (+/- 2yrs). I just remember rapid growth kicking off.
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Last
$2.87 |
Change
-0.010(0.35%) |
Mkt cap ! $8.642B | |||
| Open | High | Low | Value | Volume |
| $2.91 | $2.94 | $2.83 | $58.15M | 20.23M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 137974 | $2.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.88 | 2100 | 2 |
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| PLS (ASX) Chart |